NYC Families Require Over $125,000 Income for Basic Needs Without Assistance
By
boh
Needed another two minutes in the oven. A half-baked bagel.
Summary
Two new reports reveal that New York City families need six-figure incomes (over $125,000) to meet basic needs without government assistance in all five boroughs. The Fund for the City of New York's 'self-sufficiency standard' analysis shows the income required for working households to be financially independent.
Key quotes
· 3 pulledNew York families need six-figure incomes to live without government assistance in all five boroughs of New York City
the 'self-sufficiency standard,' or the income a working household needs to earn to meet its basic needs without receiving any government or private assistance
The analysis has been released regularly since the year 2000
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